Our local market in Columbus has been pretty incredible with price points lower than markets like Austin or Nashville, with a better economic outlook than similar large cities of over 900k people. 

Once you have a solid SoW it is much easier to estimate rehab cost.

Then come to find out his wife's father is incredibly rich (how dare we think any money came from the wife's family). 

Also having a higher proportion of revenue generated through the residential component of the building does make financing easier. (3) The exception to the 80% rule I abide by is when the commercial space is leased to a credit tenant with a proven & sustainable business  or where the space presents the opportunity to attract a neighborhood amenity F&B operator (this is most beneficial in instances where you have a larger localized portfolio where these commercial tenants can positively impact the value of your overall residential portfolio).

. - The examples have incredibly good math on paper.

It's easier to invest where you live. 

Of course, easier said then done, and evictions and issues/extra expenses pop up, but if you keep the long term vision, it tends to build on itself quite nicely.

It wasn’t a detailed plumbing drawing- he had shown one line going to all units while the contractor pointed out that it is better to show individual lines to each unit as repairs and maintenance are easier. and some towns even require it . 

Thieves will skip over yours and look for an easier target.

This makes the summer an incredibly busy time, especially with a lot of these turnovers happening within an 8-10 week span.